Example: An average family living in the 4-room flat will experience a close to 20% increase in the water bill, after assistance from U-Save to offset part of it.

COE Prices

By February 2018, Singapore’s vehicle growth rate will be reduced to zero from the current 0.25%.

This creates a concern for the cost of vehicles to be affected by such measure amongst Singaporeans. The announcement triggered a panic 13.2% spike in Certificate of Entitlement (COE) premium for cars in Category A. The percentage is higher at 14.8% for Category B.

Despite the Senior Minister of State for Transport Lam Pin Min’s belief that the initiative is not expected to significantly impact the COE prices, here’s a checklist for the COE price to not increase.

Below are some of the factors which will affect COE prices:

Factors

Current situation/plan

Will this increase/ decrease demand for cars?

Will this increase of decrease COE?

Reliability of our train system

Needs serious improvement.

Increase/decrease

Increase

Population growth

Singapore has been experiencing positive annual growth on average.

Increase

Increase

Spending power of Singaporeans

Singapore consumer spending is on a constant rise annually.

Increase

Increase

Bus Service Enhancement Programme & Bus Contracting Model

Additional 1,000 new buses.

Additional 80 new bus routes.

Decrease

Decrease

In the current situation, in our opinion, an increase in COE prices might be inevitable.